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Objective

C 161/2018 Effective from 29/8/2018

The objective of this Regulation is to establish the minimum acceptable standards for Banks’ approach to internal controls, compliance and internal audit, with a view to:

  1. Ensuring the soundness of Banks; and
     
  2. Contributing to financial stability.

The accompanying Standards supplement the Regulation to elaborate on the supervisory expectations of the Central Bank with respect to internal controls, compliance and internal audit.